{"id":122362,"date":"2023-04-20T00:52:32","date_gmt":"2023-04-19T19:22:32","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=122362"},"modified":"2024-04-12T14:32:35","modified_gmt":"2024-04-12T09:02:35","slug":"compensation-benefits-glossary","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/compensation-benefits-glossary\/","title":{"rendered":"Compensation and Benefits Glossary"},"content":{"rendered":"\n<p>Important definitions and terminologies used in Compensation and Benefits<\/p>\n\n\n<p><a id=\"terms_index\"><\/a><\/p>\n<p style=\"font-size: 30px;letter-spacing:20px;\"><a href=\"#a-letter-terms\">A<\/a><a href=\"#b-letter-terms\">B<\/a><a href=\"#c-letter-terms\">C<\/a><a href=\"#d-letter-terms\">D<\/a><a href=\"#e-letter-terms\">E<\/a><a href=\"#f-letter-terms\">F<\/a><a href=\"#g-letter-terms\">G<\/a><a href=\"#h-letter-terms\">H<\/a><a href=\"#i-letter-terms\">I<\/a><a href=\"#j-letter-terms\">J<\/a><a href=\"#k-letter-terms\">K<\/a><a href=\"#l-letter-terms\">L<\/a><a href=\"#m-letter-terms\">M<\/a><a href=\"#n-letter-terms\">N<\/a><a href=\"#o-letter-terms\">O<\/a><a href=\"#p-letter-terms\">P<\/a><a href=\"#q-letter-terms\">Q<\/a><a href=\"#r-letter-terms\">R<\/a><a href=\"#s-letter-terms\">S<\/a><a href=\"#t-letter-terms\">T<\/a><a href=\"#u-letter-terms\">U<\/a><a href=\"#v-letter-terms\">V<\/a><a href=\"#w-letter-terms\">W<\/a><\/p>\n<h3><strong><a id=\"a-letter-terms\">A<\/a><\/strong><\/h3>\n<p>Accrued Benefits in Compensation and Benefits<\/p>\n<p>Achievement-Based Compensation in Compensation and Benefits<\/p>\n<p>Active Employee in Compensation and Benefits<\/p>\n<p>Actual Deferral Percentage in Compensation and Benefits<\/p>\n<p>Actuary in Compensation and Benefits<\/p>\n<p>Additional Voluntary Contributions (AVCs) in Compensation and Benefits<\/p>\n<p>Adverse Impact in Compensation and Benefits<\/p>\n<p>Affirmative Action in Compensation and Benefits<\/p>\n<p>After-Tax Contributions in Compensation and Benefits<\/p>\n<p>Ageism in Compensation and Benefits<\/p>\n<p>Agile Organization in Compensation and Benefits<\/p>\n<p>Ally in Compensation and Benefits<\/p>\n<p>Alternative Work Arrangements in Compensation and Benefits<\/p>\n<p>Annual Compensation in Compensation and Benefits<\/p>\n<p>Artificial Intelligence (AI) in Compensation and Benefits<\/p>\n<p>Attrition in Compensation and Benefits<\/p>\n<p>Availability Analysis in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"b-letter-terms\">B<\/a><\/strong><\/h3>\n<p>Back Pay in Compensation and Benefits<\/p>\n<p>Base Pay in Compensation and Benefits<\/p>\n<p>Behavioral-Based Interviewing in Compensation and Benefits<\/p>\n<p>Benchmarking in Compensation and Benefits<\/p>\n<p>Benefit Package in Compensation and Benefits<\/p>\n<p>Benefits Administrator in Compensation and Benefits<\/p>\n<p>Blind Ad in Compensation and Benefits<\/p>\n<p>Bonus in Compensation and Benefits<\/p>\n<p>Broadbanding in Compensation and Benefits<\/p>\n<p>Buddy System in Compensation and Benefits<\/p>\n<p>Bumping Rights in Compensation and Benefits<\/p>\n<p>Business Continuity Planning in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"c-letter-terms\">C<\/a><\/strong><\/h3>\n<p>Cafeteria Plan in Compensation and Benefits<\/p>\n<p>Capacity Building in Compensation and Benefits<\/p>\n<p>Career Development in Compensation and Benefits<\/p>\n<p>Career Growth Opportunities in Compensation and Benefits<\/p>\n<p>Career Ladders in Compensation and Benefits<\/p>\n<p>Career Planning in Compensation and Benefits<\/p>\n<p>Career Plateau in Compensation and Benefits<\/p>\n<p>Carrier in Compensation and Benefits<\/p>\n<p>Cash Balance Plan in Compensation and Benefits<\/p>\n<p>Cash Compensation in Compensation and Benefits<\/p>\n<p>Cash Value in Compensation and Benefits<\/p>\n<p>Casual Workers in Compensation and Benefits<\/p>\n<p>Childcare Benefits in Compensation and Benefits<\/p>\n<p>Claimant in Compensation and Benefits<\/p>\n<p>Classification System in Compensation and Benefits<\/p>\n<p>COBRA in Compensation and Benefits<\/p>\n<p>Co-employment in Compensation and Benefits<\/p>\n<p>Compa-Ratio in Compensation and Benefits<\/p>\n<p>Compensation and Income Tax Act 1961 in Compensation and Benefits<\/p>\n<p>Compensation benchmarking in Compensation and Benefits<\/p>\n<p>Compensation decisions in Compensation and Benefits<\/p>\n<p>compensation formulation in Compensation and Benefits<\/p>\n<p>compensation management in Compensation and Benefits<\/p>\n<p>Compensatory Time Off (Comp Time) in Compensation and Benefits<\/p>\n<p>Competency-based pay in Compensation and Benefits<\/p>\n<p>Compressed Workweek in Compensation and Benefits<\/p>\n<p>Constructive Discharge in Compensation and Benefits<\/p>\n<p>Contingent Worker in Compensation and Benefits<\/p>\n<p>Cost-Per-Hire in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"d-letter-terms\">D<\/a><\/strong><\/h3>\n<p>Daily Compensation in Compensation and Benefits<\/p>\n<p>De Minimis Rule in Compensation and Benefits<\/p>\n<p>Death Benefit in Compensation and Benefits<\/p>\n<p>Deductible in Compensation and Benefits<\/p>\n<p>Deferred compensation plan in Compensation and Benefits<\/p>\n<p>Defined Benefit Plan in Compensation and Benefits<\/p>\n<p>Defined Contribution Plan in Compensation and Benefits<\/p>\n<p>Dependent Care Assistance in Compensation and Benefits<\/p>\n<p>Direct Threat in Compensation and Benefits<\/p>\n<p>Disability Benefits in Compensation and Benefits<\/p>\n<p>Discretionary Bonus in Compensation and Benefits<\/p>\n<p>Discrimination in Compensation and Benefits<\/p>\n<p>Dislocated Worker in Compensation and Benefits<\/p>\n<p>Disparate Impact in Compensation and Benefits<\/p>\n<p>Disparate Treatment in Compensation and Benefits<\/p>\n<p>Dual Career Ladder\/Track in Compensation and Benefits<\/p>\n<p>Due Diligence in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"e-letter-terms\">E<\/a><\/strong><\/h3>\n<p>Early Retirement in Compensation and Benefits<\/p>\n<p>Earned Income in Compensation and Benefits<\/p>\n<p>Economic Theories in Compensation and Benefits<\/p>\n<p>Economic Value Added (EVA) in Compensation and Benefits<\/p>\n<p>Educational Assistance in Compensation and Benefits<\/p>\n<p>EEO-1 Survey in Compensation and Benefits<\/p>\n<p>Eligibility in Compensation and Benefits<\/p>\n<p>Emotional Intelligence in Compensation and Benefits<\/p>\n<p>Employee Assistance Programs in Compensation and Benefits<\/p>\n<p>Employee benefits in Compensation and Benefits<\/p>\n<p>Employee compensation valuation in Compensation and Benefits<\/p>\n<p>Employee Engagement in Compensation and Benefits<\/p>\n<p>Employee evaluation system in Compensation and Benefits<\/p>\n<p>Employee morale in Compensation and Benefits<\/p>\n<p>Employee Motivation in Compensation and Benefits<\/p>\n<p>Employee Performance in Compensation and Benefits<\/p>\n<p>Employee Referral Program in Compensation and Benefits<\/p>\n<p>Employee Resource Groups (ERGs) in Compensation and Benefits<\/p>\n<p>Employee Retention in Compensation and Benefits<\/p>\n<p>Employee Self-Service Portal in Compensation and Benefits<\/p>\n<p>Employee Turnover in Compensation and Benefits<\/p>\n<p>Employee Value Proposition (EVP) in Compensation and Benefits<\/p>\n<p>Employees Provident Fund in Compensation and Benefits<\/p>\n<p>Employer Brand in Compensation and Benefits<\/p>\n<p>Employment at Will in Compensation and Benefits<\/p>\n<p>Environmental Scan in Compensation and Benefits<\/p>\n<p>EPFO Claim in Compensation and Benefits<\/p>\n<p>Equity in Compensation and Benefits<\/p>\n<p>ESI in Compensation and Benefits<\/p>\n<p>ESI Contribution in Compensation and Benefits<\/p>\n<p>ESOPs in Compensation and Benefits<\/p>\n<p>Essential Job Functions in Compensation and Benefits<\/p>\n<p>Executive Compensation in Compensation and Benefits<\/p>\n<p>Exempt Position in Compensation and Benefits<\/p>\n<p>Exit Interview in Compensation and Benefits<\/p>\n<p>Expatriate in Compensation and Benefits<\/p>\n<p>Extrinsic Reward in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"f-letter-terms\">F<\/a><\/strong><\/h3>\n<p>Fair Labor Standards Act (FLSA) in Compensation and Benefits<\/p>\n<p>Family and Medical Leave Act (FMLA) in Compensation and Benefits<\/p>\n<p>Featherbedding in Compensation and Benefits<\/p>\n<p>Federal Unemployment Tax Act (FUTA) in Compensation and Benefits<\/p>\n<p>Flexibility in Compensation and Benefits<\/p>\n<p>Flexible-Benefits Plan in Compensation and Benefits<\/p>\n<p>Flextime in Compensation and Benefits<\/p>\n<p>Forced Distribution in Compensation and Benefits<\/p>\n<p>Forced Ranking in Compensation and Benefits<\/p>\n<p>Forecasting in Compensation and Benefits<\/p>\n<p>Fringe Benefits in Compensation and Benefits<\/p>\n<p>Front Pay in Compensation and Benefits<\/p>\n<p>Full-Time Equivalent (FTE) in Compensation and Benefits<\/p>\n<p>Fully Funded Plan in Compensation and Benefits<\/p>\n<p>Fully Insured Plan in Compensation and Benefits<\/p>\n<p>Functional-Based Compensation in Compensation and Benefits<\/p>\n<p>Furlough in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"g-letter-terms\">G<\/a><\/strong><\/h3>\n<p>Gainsharing in Compensation and Benefits<\/p>\n<p>Gain-sharing plan in Compensation and Benefits<\/p>\n<p>Garnishment in Compensation and Benefits<\/p>\n<p>Gender Expression in Compensation and Benefits<\/p>\n<p>Gender Identity in Compensation and Benefits<\/p>\n<p>Gender Pay Gap in Compensation and Benefits<\/p>\n<p>Gender Wage Gap in Compensation and Benefits<\/p>\n<p>Genetic-Based Discrimination in Compensation and Benefits<\/p>\n<p>Gig Worker in Compensation and Benefits<\/p>\n<p>Glass Ceiling in Compensation and Benefits<\/p>\n<p>Golden Handshake in Compensation and Benefits<\/p>\n<p>Golden Parachute in Compensation and Benefits<\/p>\n<p>Gross Pay in Compensation and Benefits<\/p>\n<p>Group incentive payments in Compensation and Benefits<\/p>\n<p>Group incentive plans in Compensation and Benefits<\/p>\n<p>Group Insurance in Compensation and Benefits<\/p>\n<p>Guaranteed Income in Compensation and Benefits<\/p>\n<p>Guaranteed Minimum Pension in Compensation and Benefits<\/p>\n<p>Gym Memberships in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"h-letter-terms\">H<\/a><\/strong><\/h3>\n<p>Halo\/Horn Effect in Compensation and Benefits<\/p>\n<p>Harassment in Compensation and Benefits<\/p>\n<p>Health Benefits in Compensation and Benefits<\/p>\n<p>Health Insurance Portability and Accountability Act (HIPAA) in Compensation and Benefits<\/p>\n<p>Healthcare Flexible Spending Account (FSA) in Compensation and Benefits<\/p>\n<p>Hiring Bonus in Compensation and Benefits<\/p>\n<p>Holidays in Compensation and Benefits<\/p>\n<p>Horizontal Organization in Compensation and Benefits<\/p>\n<p>Hostile Work Environment in Compensation and Benefits<\/p>\n<p>Hourly Rate in Compensation and Benefits<\/p>\n<p>Human Capital in Compensation and Benefits<\/p>\n<p>Human Resource Information System (HRIS) in Compensation and Benefits<\/p>\n<p>Human Resource Management (HRM) in Compensation and Benefits<\/p>\n<p>Human Resource Management System (HRMS) in Compensation and Benefits<\/p>\n<p>Human Resources Information System (HRIS) in Compensation and Benefits<\/p>\n<p>Hybrid Organization in Compensation and Benefits<\/p>\n<p>Hybrid Plan in Compensation and Benefits<\/p>\n<p>Hypothetical Retirement Benefits in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"i-letter-terms\">I<\/a><\/strong><\/h3>\n<p>Implicit Bias in Compensation and Benefits<\/p>\n<p>Imputed Income in Compensation and Benefits<\/p>\n<p>Incentive Compensation in Compensation and Benefits<\/p>\n<p>Incentive determination in Compensation and Benefits<\/p>\n<p>Inclusion in Compensation and Benefits<\/p>\n<p>Independent Contractor in Compensation and Benefits<\/p>\n<p>Indirect Compensation in Compensation and Benefits<\/p>\n<p>Industrial Psychology in Compensation and Benefits<\/p>\n<p>Inflation in Compensation and Benefits<\/p>\n<p>Inpatriate in Compensation and Benefits<\/p>\n<p>In-Service Withdrawal in Compensation and Benefits<\/p>\n<p>Insurance in Compensation and Benefits<\/p>\n<p>Intangible Compensation in Compensation and Benefits<\/p>\n<p>Intellectual Property in Compensation and Benefits<\/p>\n<p>Interest Rate in Compensation and Benefits<\/p>\n<p>International Compensation Management in Compensation and Benefits<\/p>\n<p>Internship Programs in Compensation and Benefits<\/p>\n<p>Involuntary Termination in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"j-letter-terms\">J<\/a><\/strong><\/h3>\n<p>Job Analysis in Compensation and Benefits<\/p>\n<p>Job Assessment in Compensation and Benefits<\/p>\n<p>Job Classification in Compensation and Benefits<\/p>\n<p>Job Description in Compensation and Benefits<\/p>\n<p>Job design in Compensation and Benefits<\/p>\n<p>Job Enrichment in Compensation and Benefits<\/p>\n<p>Job Evaluation in Compensation and Benefits<\/p>\n<p>Job Market in Compensation and Benefits<\/p>\n<p>Job Performance in Compensation and Benefits<\/p>\n<p>Job Ranking in Compensation and Benefits<\/p>\n<p>Job Reference Immunity Statutes in Compensation and Benefits<\/p>\n<p>Job Rotation in Compensation and Benefits<\/p>\n<p>Job Sharing in Compensation and Benefits<\/p>\n<p>Job Training in Compensation and Benefits<\/p>\n<p>Job Vacancy in Compensation and Benefits<\/p>\n<p>Joint and Survivor Annuity in Compensation and Benefits<\/p>\n<p>Just-Cause Termination in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"k-letter-terms\">K<\/a><\/strong><\/h3>\n<p>Key Employee in Compensation and Benefits<\/p>\n<p>Key Performance Indicators (KPIs) in Compensation and Benefits<\/p>\n<p>Kickers in Compensation and Benefits<\/p>\n<p>Know-How in Compensation and Benefits<\/p>\n<p>Knowledge-Based Pay in Compensation and Benefits<\/p>\n<p>Kudos in Compensation and Benefits<\/p>\n<p>Kwik-Stop Rule in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"l-letter-terms\">L<\/a><\/strong><\/h3>\n<p>Labor Laws in Compensation and Benefits<\/p>\n<p>Labor Market in Compensation and Benefits<\/p>\n<p>Labour Market in Compensation and Benefits<\/p>\n<p>Layoff in Compensation and Benefits<\/p>\n<p>Leave of Absence in Compensation and Benefits<\/p>\n<p>Legal Compliance in Compensation and Benefits<\/p>\n<p>Legal Obligation in Compensation and Benefits<\/p>\n<p>Life Insurance in Compensation and Benefits<\/p>\n<p>Living Wage in Compensation and Benefits<\/p>\n<p>Long Service Awards in Compensation and Benefits<\/p>\n<p>Long-Term Disability in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"m-letter-terms\">M<\/a><\/strong><\/h3>\n<p>Management Bonus in Compensation and Benefits<\/p>\n<p>Market Premium in Compensation and Benefits<\/p>\n<p>Market Salary in Compensation and Benefits<\/p>\n<p>Matching Contributions in Compensation and Benefits<\/p>\n<p>Maternity Leave in Compensation and Benefits<\/p>\n<p>Maximum Contribution in Compensation and Benefits<\/p>\n<p>Medical Reimbursement Plan in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"n-letter-terms\">N<\/a><\/strong><\/h3>\n<p>Non-monetary benefits in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"o-letter-terms\">O<\/a><\/strong><\/h3>\n<p>Organizational strategies in Compensation and Benefits<\/p>\n<p>Overtime wages in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"p-letter-terms\">P<\/a><\/strong><\/h3>\n<p>Payroll management in Compensation and Benefits<\/p>\n<p>Performance modeling techniques in Compensation and Benefits<\/p>\n<p>Performance standards in Compensation and Benefits<\/p>\n<p>Performance-based compensation in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"q-letter-terms\">Q<\/a><\/strong><\/h3>\n<p>Quantitative analysis in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"r-letter-terms\">R<\/a><\/strong><\/h3>\n<p>Repatriation issues in Compensation and Benefits<\/p>\n<p>Retirement plans in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"s-letter-terms\">S<\/a><\/strong><\/h3>\n<p>Sales Compensation in Compensation and Benefits<\/p>\n<p>Sales incentives in Compensation and Benefits<\/p>\n<p>Sales motivation in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"t-letter-terms\">T<\/a><\/strong><\/h3>\n<p>Team-based compensation in Compensation and Benefits<\/p>\n<p>Trade Union in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"u-letter-terms\">U<\/a><\/strong><\/h3>\n<p>UAN in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"v-letter-terms\">V<\/a><\/strong><\/h3>\n<p>Variable Compensation plans in Compensation and Benefits<\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p><h3><strong><a id=\"w-letter-terms\">W<\/a><\/strong><\/h3>\n<p>wage in Compensation and Benefits<\/p>\n<p>wage determination in Compensation and Benefits<\/p>\n<p>Wage fixation in Compensation and Benefits<\/p>\n<p>wage policies in Compensation and Benefits<\/p>\n<p>Work Measurement in Compensation and Benefits<\/p>","protected":false},"excerpt":{"rendered":"<p>Important definitions and terminologies used in Compensation and Benefits ABCDEFGHIJKLMNOPQRSTUVW A Accrued Benefits in Compensation and Benefits Achievement-Based Compensation in Compensation and Benefits Active Employee in Compensation and Benefits Actual Deferral Percentage in Compensation and Benefits Actuary in Compensation and Benefits Additional Voluntary Contributions (AVCs) in Compensation and Benefits Adverse Impact in Compensation and Benefits&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[75],"tags":[],"class_list":["post-122362","page","type-page","status-publish","hentry","category-compensation-and-benefits-manager"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Compensation and Benefits Glossary - Tutorial<\/title>\n<meta name=\"description\" content=\"What is Compensation and Benefits? 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